Repealed 7/1/2023)
Repealed 7/1/2023
59-10-1318. Contribution to Invest More for Education Account.
| (1) |
Except as provided in Section 59-10-1304, a resident or nonresident individual that files an individual income tax return under this chapter may designate on the resident or nonresident individual‘s individual income tax return a contribution as provided in this section to be:
Terms Used In Utah Code 59-10-1318- contribution: means a contribution a resident or nonresident individual makes on an individual income tax return as allowed by this part. See Utah Code 59-10-1302
- Individual: means a natural person and includes aliens and minors. See Utah Code 59-10-103
- Nonresident individual: means an individual who is not a resident of this state. See Utah Code 59-10-103
| (a) |
deposited into the Invest More for Education Account; and |
| (b) |
expended as provided in Section 53F-9-205. |
|
| (2) |
The commission shall:
| (a) |
determine the total amount of contributions designated in accordance with this section for a taxable year; and |
| (b) |
credit the amount described in Subsection (2)(a) to the Invest More for Education Account created in Section 53F-9-205. |
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Repealed by Chapter 534, 2023 General Session
Amended by Chapter 415, 2018 General Session
